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The Food Cold Chain Market Size is valued at US$ 60.16 Bn in 2024 and is predicted to reach US$ 284.85 Bn by the year 2034 at an 16.9% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
- The growth of e-commerce and online grocery shopping provides opportunities for cold chain logistics providers.
- The growth of supermarkets, hypermarkets, and other retail outlets contributes to the demand for a reliable cold chain.
- North America dominated the market and accounted for a revenue share of global revenue in 2024.
- The shelf life of perishable products is limited, and any disruptions in the cold chain can result in spoilage and waste.
The cold chain is a valuable method for protecting temperature-sensitive commodities during transport by using refrigerated and thermal packaging. The global food and beverage industry commonly uses the cold chain to protect products against thermal deterioration. Due to growing consumer knowledge, diets high in protein replace those high in carbohydrates in developing economies. Due to a shift in the economy that consumers are driving, nations like China are predicted to show a strong growth rate in the upcoming years. The market is projected to rise in developing countries due to increasing technological developments in refrigerated transportation and warehouse management.
Additionally, rising government subsidies have allowed service providers to enter these burgeoning markets with creative transportation-related solutions. Cold chain services are designed for products that need to be transported and stored under optimal temperatures. The growth of retail chains in supermarkets, hypermarkets, and convenience stores is one of the main factors affecting the development of the cold chain business. As a result of the expansion of retail chains, some producers now have their own internal chilled storage facilities. Ample food retail chains are expanding their shops in developed countries like the UK, the US, and Germany, as well as emerging economies like China, Brazil, and Argentina.
Furthermore, the advent of such large merchants and their expanding operations in international trade are creating market expansion potential for chilled warehousing and chilled transportation. Governments in various nations are attempting to reduce food and agricultural waste by setting legislation about food waste and providing support to businesses involved in the food industry, such as the cold chain sector. The e-commerce-based food and beverage delivery industry have seen a considerable increase due to the rising demand for perishable goods and the need for quick delivery.
Competitive Landscape
Some Of The Key Players In The Food Cold Chain Market:
- AGRO Merchants Group,
- Interstate Cold Storage Inc.,
- Americold Logistics LLP,
- Kloosterboer Group B.V.,
- Burris Logistics,
- Lineage Logistics Holding LLC,
- ColdEx Logistics, Nagel-Group SE & Co. KG,
- Emergent Cold LLC,
- Novo Nordisk,
- VersaCold Logistics Services,
- Gruppo Marconi SRL,
- Penske Logistics Inc.,
- Hanson Logistics Inc.,
- Tata Motors,
- Henningsen Cold Storage Co.,
- United States Cold Storage Inc.
Market Segmentation:
The food cold chain market is segmented by type, construction type, application. By type, the market is segmented into storage, transportation, and monitoring component. storage is sub segmented into warehouses and reefer containers. Transportation is sub segmented into road, sea, rail, air. Monitoring component is sub segmented into hardware (sensors, RFID devices, telematics, networking devices) and software (on-premise, cloud-based). By construction type market is segmented into grocery stores, restaurants, others. By application market is segmented into fruits, vegetables, fruit pulp & concentrates, dairy products, fish, meat, and seafood, processed food, bakery & confectionary, others. Fruits is sub segmented into apples, banana, berries, nectarines, plums, peaches, melons, others. Vegetables is sub segmented into leafy vegetables, lettuce, onions, potato, and others.
Storage is Expected to Drive the Food Cold Chain Market
The storage segment—particularly cold storage facilities and refrigerated warehousing—is at the forefront of the Food Cold Chain Market as it is the backbone of food logistics, maintaining safe storage of perishables. Increased demand for fresh, organic, and ready-to-eat foods, combined with the online grocery and meal delivery boom, has fueled the demand for increased, accurate cold storage. Operators are investing in capacity, embracing automation, energy-efficient systems, and sustainability initiatives to increase efficiency, transparency, and resilience in managing increasing food volumes.
Grocery Stores segment is Growing at the Highest Rate in the Food Cold Chain Market.
The grocery stores segment is witnessing robust growth in the Food Cold Chain Market as a result of increasing consumer demand for perishables such as fresh produce, dairy, meat, and frozen foods, all of which need dependable temperature control. Growth in organized retail and supermarket chains, especially in emerging markets, is fueling investments in in-store cold storage and refrigeration. Moreover, the growth of online grocery shopping and e-commerce has increased the demand for effective cold chain logistics to preserve freshness from warehouse to doorstep. In order to fulfill these requirements, grocery retailers are implementing state-of-the-art refrigeration systems, automated storage, and IoT-based monitoring to improve temperature management and reduce spoilage.
Regionally, North America Led Food Cold Chain Market.
North America dominates the Food Cold Chain Market due to high demand from consumers, advanced infrastructure, and supportive regulation. Increased consumption of frozen and processed food products, e.g., ready meals, vegetarian dishes, and out-of-season supply of seasonal products—has boosted the demand for strong cold chains. The rise in organized retail and burgeoning e-commerce only fuels this demand further, particularly in ensuring product integrity during the last-mile delivery. Moreover, North America leads in the use of advanced technologies such as automation, IoT-based tracking, and RFID monitoring, which improve efficiency, traceability, and regulatory compliance throughout the cold chain network.
Recent Developments:
- In Sept 2022, Lineage Logistics purchased Grupo Fuentes, a Spanish company that specializes in transportation and cold storage. Lineage's growth in Spain will strengthen its presence in Europe's primary markets for fresh food. This acquisition will enhance Lineage's presence in cold storage distribution throughout Europe.
- In March 2024, ID Fresh Food has announced a strategic collaboration with Tata Motors to convert its entire delivery service to electric cars. By the year 2025, half of iD Fresh Food's delivery fleet will be converted, while the other half will be switched by 2027.
The Food Cold Chain Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2024 |
USD 60.16 Bn |
|
Revenue Forecast In 2034 |
USD 284.85 Bn |
|
Growth Rate CAGR |
CAGR of 16.9 % from 2025 to 2034 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2023 |
|
Forecast Year |
2025-2034 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Construction Type, Application and By Region |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia; |
|
Competitive Landscape |
Americold Logistics LLC, Agro Merchant Group, Burris Logistics, Inc., Henningsen Cold Storage Company, Lineage Logistics, LLC, Nordic Logistics, Preferred Freezer, Wabash National, Cold Chain Technologies, Inc., Cryopak Industries Inc., Creopack, Cold Box Express, Inc., Intelsius, Nilkamal Limited, Sofrigam, Softbox Systems Ltd., Sonoco ThermoSafe, Valor Industries, va Q tec AG |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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